- The East Africa Portland Cement Company (EAPCC) board on Friday refused to ratify the appointment of Bruno Oguda Obodha as the new Managing Director as appointed by President Ruto on December 20.
- Financial solutions provider HF Group Plc (NSE: HFCK) has achieved an over-subscription on its recently concluded Rights Issue, with a total subscription performance rate of 138.32%.
- The Competition Authority of Kenya (CAK) has unconditionally approved the proposed acquisition of Economic Industries Limited by Kenafric Manufacturing Limited.
- The move is part of a strategy to bring financial services closer to people and businesses. The bank is using the opportunity to give the branch a major facelift into a pristine, modern, and convenient space.
- Honda and Nissan are in talks to deepen ties, two people said on Wednesday, including a possible merger, the clearest sign yet of how Japan's once seemingly unbeatable auto industry is being reshaped by challenges from Tesla and Chinese rivals.
- The Sambaza Furaha campaign, developed in collaboration with Royal Media Services, is part of Safaricom's ongoing efforts to broaden its reach and connect with more customers across the country.
- The Energy Petroleum Regulatory Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly price review.
- Kenya, Uganda, Rwanda, and South Sudan have established a Joint Technical Committee to oversee the development of the Eldoret-Kampala-Kigali refined petroleum products pipeline.
- Kenya’s issuance of a fresh Eurobond is likely to ease concerns about the debt situation, and therefore lift the overall economic outlook for the country.
- The International Monetary Fund (IMF) is set to send a team to Kenya to work with the government in implementing governance reforms beginning in 2025.
- Aga Khan University has joined a consortium of 12 leading African and European institutions to train the next generation of infectious disease experts.
- The World Bank downgraded Kenya's economic growth estimate for this year to 4.7% on Tuesday, from an initial 5.0%, citing the impact of floods, anti-government protests and flailing fiscal consolidation efforts.
- China's exports grew at a slower pace in November than the bumper month before, while imports unexpectedly shrank, in a worrying sign for the world's No. 2 economy as Donald Trump's imminent return to the White House brings fresh trade risks.
- Boeing (BA.N) restarted production of its best-selling 737 MAX jetliner last week, about a month after the end of a seven-week strike by 33,000 factory workers, according to three sources familiar with the matter.
- African women are set to gain greater access to opportunities in technology and innovation after a new partnership between Women in Technology and Innovation Africa (WITIA), and China Trade Week Global.
- The Central Bank of Kenya (CBK) has reduced the benchmark lending rate by a further 75 basis points to 11.25 percent, marking its third rate cut this year.
- Global coffee prices have soared to their highest in nearly 50 years due to poor weather in Brazil and Vietnam, forcing roasters such as Nestle (NESN.S) to raise prices and consumers to hunt for cheaper brews amid the cost of living crisis.
- Bitcoin rose above $100,000 (about Ksh.13 million) for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies.
- Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings, has been appointed to the World Bank Group's High Level Advisory Council on Jobs.
- Tanzanian manufacturing and energy giant Amsons Group on Wednesday said it has gotten approval from Kenya’s mining ministry for its proposed acquisition of Bamburi Cement.
- Premier Bank has announced a partnership with Mastercard to unveil a new range of Shari'ah-compliant debit, credit, and prepaid cards, in a move set to revolutionize digital banking in Kenya,
- As the public participation window for Kenyans to share their views on the tax laws and the Tax Procedures Act closes, the Kenya Association of Air Operators has urged the government to align tax policies with international recommendations, such as those from the International Civil Aviation…
- The International Monetary Fund (IMF) has warned that the loan Kenya intends to borrow from the United Arab Emirates (UAE) will plunge it into debt distress.
- At least 24 banks risk a total shut down that will affect nearly 7,000 employees if the proposed increment of core capital from Ksh.1 billion to Ksh.10 billion in three years time is done.
- The Capital Markets Authority (CMA) has approved Safaricom PLC to establish Ziidi Money Market Fund, a new investment scheme that seeks to disrupt the market.
- The Kenya Association of Manufacturers (KAM) estimates that Ksh.3 billion of taxpayers money is lost to corruption on a daily basis, monies that could instead be invested in boosting the manufacturing sector with the aim of creating employment and promoting local product.
- A new report shows that Uber application has pumped Ksh.167 million into Kenya's nighttime economy in the past year, underscoring the country's party culture as the main source of entertainment.
- Adani dollar bond prices fell to almost one-year lows on Monday as investors cut their exposure to the Indian conglomerate in the wake of bribery and fraud allegations from U.S. authorities.
- A look at the recently released Leading Economic Indicators (September 2024) report by the Kenya National Bureau of Statistics (KNBS) is an interesting piece of information.
- The government has lauded the beverage manufacturing sector as a vital pillar of Kenya's economy, emphasizing its role in job creation and innovation.
- The steep losses in the Adani group's key firm was matched by heavy selling in its other key businesses, with Adani Power losing 11 percent and Adani Energy Solutions tanking 20 percent.
- Stakeholders in Kenya's manufacturing sector have been encouraged to embrace innovative technology solutions to enhance workforce productivity and operational efficiency.
- Kenya is aligning its National E-Commerce Strategy with the East African E-Commerce Strategy, the AfCFTA Protocol on E-Commerce, and UN Sustainable Development Goal 9.
- Research and Consulting firm Infotrak is celebrating 20 years of existence, with its founder Angela Ambitho narrating the 20 year journey, and how technology has changed the way the firm operates.
- Directline Assurance Company has told Treasury Cabinet Secretary John Mbadi that Royal Credit did not and has never transferred its shareholding to anybody, including all those persons and companies shown in the current CR12.
- The Ministry of Labour and Social Protection has launched an ambitious national job recruitment program aimed at connecting skilled and semi-skilled Kenyans with overseas employment opportunities.
- Absa Bank Kenya PLC has reported a profit after tax of Ksh.14.7 billion for the third quarter ending September 30, 2024, a 20% increase compared to the same period last year.
- At his workshop in Kibera, George Otieno and his team have a deadline to meet, client's order. This is Akala 21, a venture founded by George to recycle old car tyres into attractive sandals.
- The tournament drew 170 participants, including prominent business leaders and golf enthusiasts who were eager to compete while making valuable professional connections.
- The prices of super petrol, diesel, and kerosene have remained unchanged from last month, according to the latest review by the Energy and Petroleum Regulatory Authority (EPRA) announced on Thursday.
- Boeing said on Wednesday it is issuing layoff notices starting this week to workers impacted by a broader plan by the heavily indebted planemaker to cut 17,000 jobs, or 10% of its global workforce.
- Bitcoin broke through the $90,000 (about Ksh.11.6 million) level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies.
